Ophthalmology Devices Market Size, Share, Opportunities, Segmentation and Industry Forecast 2029

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Aug 23, 2023 • 4 min read

Ophthalmology Devices Market was valued at USD 50.84 Billion in 2022, and it is expected to reach USD 69.85 Billion by 2029, exhibiting a CAGR of 4.64 % during the forecast period (2023-2029).

Ophthalmology Devices Market Overview:

The Ophthalmology Devices market research provides a comprehensive insight into the competition, including the market share and company profiles of the world's biggest rivals. The research scope covers a comprehensive examination of the Ophthalmology Devices Market, as well as the causes for variances in the industry's growth across a variety of sectors.

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Market Scope:

According to vehicle type, the worldwide automotive turbocharger market has been divided into segments such as passenger cars, commercial vehicles, construction vehicles, tractors, and ATVs. During the projection period, the passenger car segment is anticipated to increase at the greatest CAGR. Automotive turbocharger aftermarket expansion is fueled by a number of causes, including longer average vehicle lifespans, shifting consumer preferences toward vehicles that generate more power, and stricter emission regulations in places like Europe and North America.

Dynamics:

The most important element fueling this market's growth over the next seven years will be the rising prevalence of various conditions such ocular illnesses like cataract and glaucoma. The market's overall growth is anticipated to quicken due to the growing senior population, who are more prone to suffering eye disorders. The increased use of digital devices such as smartphones, laptops, computers, e-readers, etc. is also anticipated to promote market expansion.

Segmentation:

by Product

Vision Care Devices
Surgery Devices
Diagnostic Devices
Monitoring Devices

by Application

Vision Care
Ophthalmic Wound care
Cataract Devices
Oculoplastic
Others

by End User

Hospitals
Diagnosis Clinics
Franchise Optical Stores
Eye Research Institutes
Government Agencies and Academics

Key Players:

Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.

The biggest players in the Ophthalmology Devices market are as follows:

1. Abbott Medical Optics, Inc.
2. Alcon Inc.
3. Appasamy Associates
4. Aurolab
5. Bausch & Lomb Inc.
6. Carl-Zeiss AG
7. CIBA Vision Corp.
8. Ellex Medical Lasers Ltd
9. Essilor International S.A.
10. Haag-Streit AG
11. Hoya Corp.
12. Johnson & Johnson Vision Care, Inc.
13. Menicon Co., Ltd.
14. NIDEK CO., LTD.
15. Oertli Instrument AG
16. Rayner Intraocular Lenses Ltd
17. Santen Pharmaceutical Co., Ltd
18. STAAR Surgical Company
19. Technolas Perfect Vision GmbH
20. Ziemer Ophthalmic Systems AG

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Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Ophthalmology Devices market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Ophthalmology Devices Market:

End-user industries where Ophthalmology Devices are utilized saw a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a halt in operations. This resulted in a significant decrease in the revenues of enterprises in these industries, as well as in demand for Ophthalmology Devices manufacturers, harming the Ophthalmology Devices market's growth in 2020. End-user business demand for Ophthalmology Devices has decreased as a result of lockdowns and an increase in COVID-19 occurrences throughout the world.

Key Questions Answered in the Ophthalmology Devices Market Report are:

In 2021, which segment accounted for the most share of the Ophthalmology Devices market?
What is the competitive landscape of the Ophthalmology Devices market?
What are the key factors influencing Ophthalmology Devices market growth?
In the Ophthalmology Devices market, which region has the most market share?
What will be the CAGR of the Ophthalmology Devices market during the forecast period (2022-2027)?

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